Business Studies, asked by arundevan4749, 1 year ago

A bank offers 5 compound interest calculated on half yearly basis a customer deposit rs 1600 each on first january and first july of the year

Answers

Answered by Ashoklohar123

0

Use the formula

Simple interest=P*R*N/100

Here P denotes 1600

R denotes 5

N denotes no. Of period

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